Added to YB: 2025-02-20
Pitch date: 2025-02-19
NLOP [bullish]
Net Lease Office Properties
+11.28%
current return
Author Info
No bio for this author
Upgrade to Yellowbrick Premium to unlock investor returns. Upgrade to Yellowbrick Premium
Company Info
Net Lease Office Properties is a publicly traded real estate investment trust that owns a portfolio of high-quality, single-tenant properties located in the U.
Market Cap
$195.8M
Pitch Price
$10.62
Price Target
40.00 (+238%)
Dividend
51.06%
EV/EBITDA
1.55
P/E
-1.35
EV/Sales
0.97
Sector
Office REITs
Category
value
Show full summary:
Investment Thesis for Net Lease Office Properties (NLOP): Capitalizing on Momentum and NAV Convergence
NLOP: Trading at 45% discount to $60-$65 NAV. $46 analyst PT (39% upside). 42 properties, Class A assets. $850M sales at 6.2% cap rate. 15% rent bumps. LTV 48%. $2.75-$3.25 special dividend by Q3 2025. 68% investment-grade tenants. 21% upside to $40 PT in 12mo. 15-20% IRR. Takeover potential.
Read full article (2 min)